Preservatives Sales Volume Philippines,Food ingredients manufacturing Philippines,Amino Acids Market in Philippines Research report : Ken Research

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• Philippines Food Ingredients Market is dominated
  by flavors and Sweeteners accounting for almost
  75 of the Total Market in terms of Revenues Ken
  Research

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• The demand in Philippines food ingredients market
  basically comprises of various types of food
  ingredients such as functional food ingredients,
  sugar substitutes, flavors, specialty starches,
  preservatives, acidulants, enzymes, FB starter
  cultures, and food emulsifiers. Robust demand for
  the packaged foods owing to the changing
  lifestyle, and the purchasing power of customers
  has majorly fueled growth for the food
  ingredients market in the Philippines.
• The beverage industry in Philippines witnessed
  growth owing to consumer shift from traditional
  drinks to carbonated energy drinks and
  caffeinated beverages thus, driving the demand
  for flavor enhancers in the Philippines food
  ingredients market.

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• The flavors segment in the country dominated the
  Philippines food ingredients market. It has been
  observed that people in Philippines became bolder
  in their culinary adventures owing to increasing
  speed at which consumers are adopting new
  flavors. On the other hand, food colors,
  preservatives, fragrance and food ingredients
  such as acidulants, cultures, proteins,
  emulsifiers and co-emulsifiers, minerals,
  botanicals, carotenoids, cocoa liquor and powder,
  flavor enhancers, modified flour, PH / controlled
  salt, Polysaccharides Oligosaccharides, raising
  agents and reducing agents collectively captured
  the remaining revenue share.
• The adaptation of western lifestyle influenced by
  the food and processing services within the
  Philippines led to an increase in their import
  values from major destinations such as Europe, US
  and Japan. A young population heavily influenced
  by modern habits and food culture coupled with
  increasing demand for convenience can improve the
  quality of domestic food ingredients, hence
  leading to higher export values in near future.

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• The processed foods segment including meal
  replacement and packaged foods collectively
  dominated Philippines food ingredients market.
  Artificial sweeteners, synthetic Trans fats,
  artificial flavors, Monosodium Glutamate (MSG),
  artificial colors, high-fructose corn syrup and
  preservatives were majorly used in processed
  foods in the country. In 2016, the demand for
  clean label and natural/organic flavors and
  flavors free of artificial ingredients such as
  high sugar witnessed an increase owing to growing
  awareness regarding health and wellness among the
  Filipinos.
• Natural, functional and convenient products that
  can deliver nutritional benefits without
  sacrificing taste continue to tap into major
  trends currently driving the thriving healthy
  beverage market in the Philippines. Flavor
  innovation coupled with the right message and
  aesthetic appeal, can provide the impetus to
  boost a stagnating category, create interest in
  an emerging sector and even drive a successful
  market entry for new or existing manufacturers in
  the Philippines.

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• Artificial sweeteners are low-calorie or
  calorie-free chemical substances that are used
  instead of sugar to sweeten foods and drinks.
  Philippines sweeteners market attained its
  highest revenues in the year 2016. Concerns about
  obesity and other health related issues plus
  sugar taxes in many countries including the
  Philippines have encouraged the market for
  non-caloric sweeteners. The food trend toward
  whole foods and natural products have also
  resulted in a growing demand for natural
  sweeteners made from herbs such as coconut sugar
  within the country.
• Food colors play a significant role in the
  Philippines food additives market. They are often
  used in foods and beverages to incorporate a
  desired shade of color and improve consumers
  visual perception towards them. In 2016, the
  average price for food coloring such as egg
  yellow, green, strawberry red, chocolate brown,
  coffee brown, blue and orange was observed to be
  USD 3.0 per kg approximately hence termed as
  affordable in the Philippines. Colors also affect
  the apparent level of sweetness. For instance,
  Filipino population perceives a strongly
  red-colored strawberry-flavored drink to be
  sweeter than a less strongly colored version.

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• Growing demand for processed foods, changing food
  consumption patterns and increasing disposable
  income are the major factors driving the demand
  for food preservatives in the Philippines. Food
  preservatives are used across beverages, snacks,
  bakery items, meat products are others during
  processing and packaging. A growing trend of
  consumer preference towards natural preservatives
  over synthetic preservatives was witnessed owing
  to the growing demand for natural and dietary
  foods and beverages, confectionery items.
• Philippines food ingredients market is highly
  concentrated with the presence of manufacturers
  such as BNC Ingredients Corporation Philippines,
  TNC Chemicals Philippines Inc, Actron Industries
  Inc, NECO Chemicals Philippines Inc, Versa Group
  Philippines Corporation, DU Pont Philippines, New
  Flavor House Inc, SBS Philippines Corporation,
  Kerry Food Ingredients Philippines Inc and other
  players such as Achievers Food Bakery
  Ingredients Corp and Applied Food Ingredients.
  Players operating in the food ingredients market
  which compete on the basis of pricing, brand
  value, production capacity, domestic
  manufacturing / import and others. Local tastes
  and modern interpretations of Filipino dishes has
  led to growing popularity of Filipino cuisines
  over the globe, thus, driving the demand for
  mostly used food ingredients such as food
  flavors, sweeteners, food colors, preservatives
  and fragrance. Moreover, consumer shift from
  synthetic man-made to natural extracts / food
  ingredients led to high imports coupled with
  emergence of several natural food ingredients
  manufacturers in this sector.

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• For more information on the market research
  report please refer to the link below
• https//www.kenresearch.com/food-beverage-and-toba
  cco/general-food/philippines-food-ingredients-mark
  et/142452-11.html
• Contact Us-
• Ken Research
• Ankur Gupta, Head Marketing Communications
• sales_at_kenresearch.com
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•  

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